Numeraire NMR price, market cap & charts

Live Numeraire prices from all markets and NMR coin market Capitalization. Stay up to date with the latest Numeraire price movements and discussion. Check out our snapshot charts and see when there is an opportunity to buy or sell Numeraire

Price

BTC 0.00072624

USD

2.75

Market Cap

USD

3,711,878

Change % (1H)

%

-2.56

Change % (24H)

%

-3.33

Numeraire (NMR) Historical Price & Volume Charts

Description

Numerai is a network of data scientists that are incentivised to forecast models to improve hedge fund returns. Numaire is the token that facilitates the reward structure that correct predictions receive. Founders described it as a social network or software company whose business model happens to be a hedge fund. USV partner Andy Weissman says, “Network effects get more valuable with every participant that uses them. What’s an example of that in a financial institution? We’ve never seen one before except for this.”

Numerai has already raised $7.5 million in traditional venture capital from Union Square Ventures, Joey Krug (Augur), Juan Benet (FileCoin), Fred Ehrsam (Coinbase), and Olaf Carlson-Wee (Polychain). So the Numeraire token will not be sold in a “crowdsale” or “ICO”.